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| Section | Objectives |
|---|---|
| Value Methodology Core Competencies | - Value Methodology Foundations
- Value Methodology Job Plan Application - VM Facilitation and Leadership - Function Analysis - Value Concept
|
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NEW QUESTION # 127
A VM study team member arrives with new information during the development of VM proposals. What should the VM facilitator do?
Choose 2 answers.
Answer: A,D
Explanation:
The correct answers are A and B . During the Development Phase , the VM team is converting selected ideas into value alternatives, so any new information that affects assumptions, cost, risk, performance, stakeholder impact, or feasibility must be evaluated before the proposal is finalized. SAVE's Study Guide explains that each Job Plan phase provides information needed for the next phase and that, as the team gains additional knowledge, a previous phase may be revisited. ( ) Therefore, the facilitator should first assess the information with the VM team to determine whether it changes the rationale, calculations, risk profile, or viability of any proposal.
The facilitator should also discuss the information with the study subject program manager because the information may affect scope, owner requirements, baseline assumptions, implementation constraints, or management expectations. In the Development Phase, value alternatives must be clearly written with supporting assumptions, calculations, vendor information, cost comparisons, and other information needed to convey the alternative. ( ) Option C is premature because new information does not automatically require a new proposal. Option D is incorrect because disregarding relevant information undermines proposal credibility and informed decision- making.
References/topics: Development Phase; Value Alternative Development; Facilitator Responsibilities; Proposal Validation; VM Team Coordination.
NEW QUESTION # 128
A FAST diagram is used to
Choose 3 answers.
Answer: B,D,E
Explanation:
The correct answers are B, C, and D . In the Function Analysis Phase, the FAST diagram is used as a function- logic model, not as an activity schedule or work-sequence chart. The VM Guide describes FAST, or Function Analysis System Technique, as one of the most effective methods for classifying and organizing functions and as a powerful diagramming technique for analyzing the relationship of functions . It specifically states that FAST diagrams are used to show the specific relationships of functions, test the validity of functions under study, and help identify missing functions. ( pdfcoffee.com ) Therefore, C is correct because FAST visually illustrates how functions relate through How/Why logic. B is correct because the diagram tests whether identified functions are valid within the functional logic path. D is correct because gaps in the How/Why logic expose missing functions.
Option A is not the best answer because FAST does not primarily identify a chronological sequence of functions. Option E is incorrect because FAST focuses on functions, not required activities or tasks.
References/topics: Function Analysis Phase; FAST Diagramming; Function Logic; Missing Functions; Validity of Functions.
NEW QUESTION # 129
Which of the following are key elements of a risk register?
Choose 2 answers.
Answer: B,D
Explanation:
The correct answers are B and D . A risk register is used to document, organize, and evaluate risks so that the VM team can understand how uncertainty may affect proposed alternatives. The two essential risk-register elements shown in the choices are probability of occurrence and impact on the scope . Probability identifies how likely the risk is to happen. Impact identifies what the consequence will be if the risk occurs, including possible effects on scope, cost, schedule, quality, performance, implementation, or stakeholder acceptance.
In the VM Job Plan, risk thinking becomes especially important when ideas move from creativity into evaluation and development. At that point, alternatives are no longer just possibilities; they must be tested for feasibility, consequences, and implementation exposure. A risk with high probability and high impact demands more attention than one with low probability and minor impact.
Option A, performance criteria , is related to evaluation criteria, not a core risk-register field. Option C, function of the risk , is not a standard risk-register element. Functions belong to Function Analysis and are normally expressed in verb-noun format, while risks are documented as uncertain events or conditions.
References/topics: Evaluation Phase; Development Phase; Risk Register; Risk Probability; Risk Impact; VM Proposal Screening.
NEW QUESTION # 130
Which of the following should the project manager use to support the implementation of proposals?
Choose 2 answers.
Answer: B,C
Explanation:
The correct answers are B and C . In the VM Job Plan, implementation support requires more than approving an idea; it requires a controlled plan for turning accepted VM proposals into real changes. SAVE's Value Methodology Standard identifies Create Implementation Plan and Prepare Final Proposals as Development Phase activities, followed by Presentation Phase commitment and Post-Study implementation tracking. ( UW Courses ) A detailed implementation plan is essential because the standard specifically requires an implementation plan with a proposed schedule, implementation activities, team assignments, and management requirements. ( UW Courses ) This directly supports option B . A contingency plan is also appropriate because implementation must account for risk, uncertainty, schedule impact, resource availability, policy limits, and potential barriers.
The Development Phase includes implementation requirements that consider risk and uncertainty, making contingency planning a logical implementation-control tool. ( UW Courses ) Option A may be useful background information, but it is not the primary tool for implementing approved proposals. Option D is incorrect because implementation should not proceed blindly without assessing current policies, procedures, constraints, and organizational requirements.
References/topics: Implementation Phase; Development Phase; Implementation Plan; Risk and Uncertainty; Post-Study Implementation.
NEW QUESTION # 131
What is the role of the client in the Information Phase?
Answer: C
Explanation:
The correct answer is A. Describe the project . In the Information Phase , the client, project sponsor, designer, or owner representative provides the VM team with the factual background needed to understand the study subject. The SAVE Value Methodology Standard describes this phase as the point where the project sponsor and/or designer brief the value study team and allow the team to ask questions based on its data research. ( courses.washington.edu ) This briefing is essentially the client's role: to explain what the project is, why it exists, what conditions affect it, what constraints apply, and what information the VM team must understand before moving into Function Analysis. The client may describe project scope, objectives, operational needs, performance requirements, site conditions, budget concerns, schedule issues, and known limitations.
Option B , defining expectations, is more closely tied to study planning and sponsor alignment. Option C , explaining the process, is the facilitator's responsibility. Option D , defining the agenda, is also normally handled by the VM facilitator during preparation and workshop management.
References/topics: Information Phase; Client Briefing; Project Sponsor Role; Data Package; VM Job Plan.
NEW QUESTION # 132
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